Ripple Price Analysis: June 3 Outlook – Is XRP Ready for a Rebound?

XRP price has been facing downward pressure, trapped in a bearish trend. Recent drops below key support levels have caused concern, despite temporary support around $2.10-$2.20. Short-term charts suggest an attempt at bouncing back, but hurdles remain. Resistance stands near $2.30-$2.34 with potential resistance points higher at $2.44 and a significant level between $2.55 and $2.62. Despite these attempts, no clear signs of a robust recovery are evident on the charts. 🕵️‍♀️